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Sabel Apartments Sabel Apartments Sabel Apartments Sabel Apartments Sabel Apartments Sabel Apartments Sabel Apartments Sabel Apartments Sabel Apartments Sabel Apartments Sabel Apartments

Property Overview

Price/Rent PSF $ 2,600,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 8,395
Date Available 11/20/2020
Additional URL Link
Floors 4
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Description

Location
Downtown Asheville

Sale
One-of-a-kind 27-unit apartment building close to downtown and all north Asheville amenities. 96% leased with majority long-term tenants, property is currently managed as weekly rentals. This building has been very well-maintained and managed over period of ownership. A unit mix of 1 bedrooms, efficiency apartments, rooms with private baths and rooms with shared baths. Majority of units are fully furnished gross leases. Property features oak hardwood floors in many units, off-street parking, keyed entrance, laundry facility, and organic community garden/courtyard area. Property has many period features and a lot of personality. No pet or smoking apartment building. This is a strong value-add opportunity with proven rental increases on which to capitalize. Located off the Charlotte St. exit on I- 240, (exit 5B) and less than 1 mile to the Grove Park Inn. No drive-bys. Please do not disturb property manager or tenants. Contact listing agent for all showings and more information.

Location

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